The Supplier's Qualifications,past Performance,and Reputation Become Critical Determinants of the Success

question 40

True/False

The supplier's qualifications,past performance,and reputation become critical determinants of the success of the marketing effort in case of services.

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Definitions:

Mutual Agreement

A mutual agreement is an understanding or arrangement made between two or more parties, usually detailed in a formal contract.

Discharge

The release or termination of a person’s duty, debt, or obligation, effectively relieving them from responsibility.

Novation

The act of replacing one obligation with another, essentially altering the parties, terms, or obligations of a contract.

Quilt

A multi-layered textile traditionally composed of a woven cloth top, a layer of batting or wadding, and a woven back, usually stitched together.